Hearing takes up defaults on grain

Failed bill in ’90s sought oversight

By Jack Weatherly

Posted: August 23, 2014 at 3:33 a.m.

Farmers in Arkansas and some neighboring states stand to lose $20 million -- possibly as much as $50 million -- in the payment defaults of Turner Grain Merchandising in Brinkley, according to statements made by agricultural officials during a legislative committee hearing Friday.